Ripple XRP price stable at $0.28; bulls returning?

Ripple XRP price stable at 0.28 bulls returning

Ripple XRP price has been positively volatile in the past two days and the cryptocurrency has gained back the lead to the $0.28 range after dropping down to the $0.278 range earlier today.

Cryptocurrency and Ripple XRP price analysts have been predicting that the bullish divergence trend XRP is passing through can push it above the psychological barrier of $0.30 mark.

ripple xrp price usd 16 october 2019Ripple XRP price chart by Trading View

XRP price went as high up as to $0.29245 in the past twenty-four hours, however, the bullish run was unable to sustain the position and was back down to the low in the next twelve-hours.

Since then XRP price has been showing a positive bullish divergence that allowed the price chart to show slow recovery back up to the current trading range.

Ripple XRP price movement against Bitcoin (BTC)

After a price gain of eight percent (8%), Ripple’s XRP has been observed struggling to get over the three thousand and five hundred (3550) mark. There is a possibility of a retrace towards the next undetermined support level.

Due to the bullish intervals like the Golden Exponential Moving Average cross, that occurred on October 9, even a small retrace will allow XRP/BTC to depict a bullish trend.

ripple xrp price chart btc 16 october 2019

Ripple XRP price chart by Trading View

The retrace zone may be placed at the Ichimoku Cloud’s bottom, at three thousand and two hundred (3200).

The retrace may even be placed between the three thousand and four hundred to three thousand and three hundred region, which is the nearest price to Exponential Moving Averages (EMAs), which act as possible support here.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related News